BREAKING: GOLD prices just hit another all-time record
Will gold close above $2,500 for the first time in history?
Gold prices just hit a new record and are testing $2,500 again following the Federal Reserve meeting (a full recap of the meeting is due to be released on Thursday).
Gold is basically saying now that the Fed will cut in September and subsequently at least once more in 2024.
However, we should not get overexcited too early because if a recession or liquidity crisis comes then gold will sell off sharply before things calm down and it continues the next run higher.
Over the next few weeks, though, it would not be a surprise if the yellow metal breaks the key $2,500 level.
For the long-term gold analysis please reference the below article:
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